Providing vital data and information is just one of the important services and resources that the Santa Clarita Valley Economic Development Corporation provides to local businesses. Most prominent of these resources comes from our resident economist, Dr. Mark Schniepp. Every quarter Schniepp and the SCVEDC publish an Economic Snapshot that updates data on labor force and employment, residential and commercial real estate, hotel vacancy rates and film activity.
In his Q4 Snapshot for 2022, Schniepp summarized the labor force and employment trends as mainly positive, but still having areas for improvement. The job creation trend was consistent throughout 2022 and our region created 5,200 jobs in 2022, the most in any year since 2004.
Total employment in the Santa Clarita Valley continues to move higher. More positions are being filled in healthcare, manufacturing, local government and professional business services.
Sectors creating the most jobs over Q4 of 2022 were retail trade, manufacturing, professional business services, and educational services. The local public sector has also added another 200 jobs during this time. We have now observed that the Leisure / Hospitality / Recreation / Entertainment industry has fully recovered, and that has resulted in a fully restored job market from the pandemic recession.
The unemployment rate remains extremely low as estimated by the State. The unemployment rate in the Santa Clarita Valley fell to 3.9% in December, the same as in September and October, and the lowest rate since May of 2019.
Labor markets are effectively at full employment in the region. The labor force, however, has not fully returned, and this has resulted in a job market which has many open and unfilled positions. Nevertheless, 5,200 more residents were working in SCV in 2022 than in 2021. Keep an eye out for the Q4 2022 Snapshot and its accompanying podcast episode with Schniepp.
With job creation at an all-time high and total employment having returned to pre-pandemic levels, it’s the perfect time to reevaluate your professional goals. Do you want to take your career in a new direction? Tired of a long commute and want to work closer to home? LiveWorkSCV.com is a free resource that matches SCV job opportunities with local SCV talent. Job postings are free to SCV employers, and all jobs are reviewed before publishing to assure they meet the SCV locale criteria.
Or maybe your virtual job search just isn’t cutting it and you’d rather meet employers in person? This April 28, the SCVEDC has partnered with College of the Canyons, city of Santa Clarita, the Chamber of Commerce and America’s Job Centers of California, to host a valley-wide job fair. There are currently over 80 employers confirmed to attend, so help get the word out to your friends and family!
Visit MySCVJobFair.com for event details and names of employers, including times and dates for resume writing workshops to help you prepare. The event is free to all job seekers and open to the public.
The Santa Clarita Valley Economic Development Corporation (SCVEDC) is a unique private / public partnership representing the united effort of regional industry and government leaders. The SCVEDC utilizes an integrated approach to attracting, retaining and expanding a diversity of businesses in the Santa Clarita Valley, especially those in key industry clusters, by offering competitive business services and other resources.
Designed to provide attendees with an economic analysis and outlook for the coming year, the 2022 Economic Outlook Conference included global, national, and state perspectives, while focusing primarily on the trends and issues associated with the Santa Clarita Valley and the surrounding business community.
Tune in to Santa Clarita Valley Economic Development Corporation's episode of SCV Means Business to join host, Dr. Jey Wagner, as he interviews economist Mark Schniepp about the current state of the economy
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The leaders of federal and local law enforcement agencies have joined together to create the Joint Regional Fire Crimes Task Force to investigate and prosecute fire-related crimes as Los Angeles County recovers from devastating wildfires.
Spectrum has announced a donation of $2,500 to Finally Family Homes through the company’s employee-driven grants program that recognizes the value of community service, Spectrum Employee Community Grants.
The city of Santa Clarita hosted the annual Dr. Martin Luther King, Jr. Day Unity Walk on Monday, Jan. 20 at 8 a.m. in Central Park in Saugus. The event attracted a crowd of several hundred from throughout the Santa Clarita Valley to listen to speeches and entertainment before walking through Central Park.
Metro has a plan to make it easier to get around by expanding the Metro rail system to the Westside with the D (Purple) Line Subway Extension Project. This critical, highly anticipated new addition to Metro’s network will add seven new stations and a reliable, high-speed connection between downtown Los Angeles and the Westside.
College of the Canyons has successfully completed the first year of its five-year Veterans Upward Bound grant program. This transformative initiative aims to provide comprehensive support services to eligible student veterans in the Santa Clarita Valley, Antelope Valley and parts of the San Fernando Valley.
The Master's University men's and women's swim teams met in the pool against Fresno Pacific University at Sunnyside Aquatic Center in Fresno Saturday afternoon, Jan. 18.
Caden Starr tied a career high with eight three-pointers to lead The Master's University men's basketball team to a 90-54 win over the Park-Gilbert Buccaneers Saturday, Jan. 18 in Chandler, Ariz.
The Los Angeles County Joint Coordination Information Center has released the following information as of 11 a.m. on the Palisades and Eaton Fires. A total of 37,734 acres has been consumed in the two fires. More than 17,000 structures have been confirmed as destroyed or damaged.
The city of Santa Clarita’s Film Office has released the list of four productions currently filming in the Santa Clarita Valley for the week of Monday, Jan. 20 to Sunday, Jan. 26.
Too many turnovers turned costly for The Master's University women's basketball team in an 85-79 loss to the Park-Gilbert Buccaneers Saturday, Jan. 18 in Chandler, Ariz.
Assemblywoman Pilar Schiavo (D-Chatsworth) been reappointed by Speaker Robert Rivas to the Utilities & Energy Committee, Health Committee and continues as Chair of Military & Veteran Affairs Committee. She has also been newly appointed to the Banking and Finance Committee and the Budget Committee, including the budget subcommittee focused on health.
District Attorney Nathan J. Hochman has announced the appointment of Michael Gennaco as Special Prosecutor who is among the nation’s foremost experts in civil rights and police misconduct cases.
In response to the ongoing challenges posed by the Palisades and Eaton Fires, the county of Los Angeles Department of Animal Care and Control has mobilized its resources and partnerships to ensure the safety and well-being of the animals affected.
The WiSH Education Foundation Wednesday Webinar series continues 5-6:30 p.m. Wednesday, Feb. 12 with "College Admissions for Visual and Performing Arts Majors."
A Better World Running will host the Cupid Dash 5k, 10k, 15k, Half Marathon 7:30 a.m. Sunday, Feb. 16 at West Creek Park 24247 Village Circle Drive, Valencia, CA 91354.
The Los Angeles County Department of Military & Veterans Affairs will resume normal operations at Bob Hope Patriotic Hall (1816 S. Figueroa St., Los Angeles, California, 90015) on Tuesday, Jan. 21.
The Los Angeles County Department of Public Health is issuing a windblown dust and ash advisory following strong Santa Ana winds expected to affect the region through Tuesday, Jan. 21 at 10 p.m.
The Master's University men's basketball defense stepped up in the final moments of the game to get an 80-72 conference road win over Benedictine Mesa Thursday night, Jan. 16.
Three different players each scored 17 points and the team shot nearly 50 percent from the field as The Master's University women's basketball team defeated Benedictine Mesa 83-71 Thursday night, Jan. 16 in Mesa, Ariz.
College of the Canyons men's basketball had four players reach double-digits but it wasn't enough to keep pace with No. 5 state-ranked Citrus College in a 111-77 road affair Wednesday night, Jan. 15.
College of the Canyons women's basketball is still looking for its first conference victory after its 75-54 road loss at Citrus College on Wednesday, Jan. 15.
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